Prescience AI <Connect> | Edition #3

Welcome to the 3rd edition! Prescience AI Connect newsletter brings you the latest news, trends, insights, experts' opinions, and real-life success stories from the AI, Data, and Analytics space.

In this week’s edition of 'AI Connect', we look at what Mistral AI's new Ministral 3B and 8B models offer businesses, explore how Google is integrating AI into its Shopping tab, and highlight Generative AI's dominance in the technology investment spending, among other topics.

Also, check out the latest Prescience blog, which offers an LLM selection framework that draws parallels between picking the right LLM and hiring a new colleague for your team :)

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AI Currents

Mistral AI Launches Ministral 3B and 8B Models for Edge Computing?

Mistral AI's new Ministral 3B and 8B models offer businesses, enterprises, and developers improved efficiency in edge applications like smart assistants, local analytics, and robotics. Their focus on on-device computing ensures privacy-first operations, reducing reliance on cloud resources. For developers, the 128k context length and sliding-window attention streamline resource usage, enabling faster, more cost-effective solutions. Enterprises can leverage these models to enhance AI-driven automation, optimize API calling, and improve task management across various applications, leading to more robust, scalable, and secure AI solutions.

Read more???

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Google boosts Shopping with AI and personalized feed?

Google is integrating AI into its Shopping tab, offering personalized recommendations and a scrollable feed of shoppable products. When users search for items like a "men's winter jacket for Seattle," AI-generated briefs provide tailored advice. For instance, it might suggest prioritizing water resistance for Seattle's rainy climate and insulation suitable for milder weather. This feature helps users make informed decisions based on their specific needs and location. Also, businesses can enhance customer connection, resulting in increased satisfaction and loyalty.

Read more??

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AI Trends & Insights???

Generative AI Dominance??

Generative AI continues to be a leading trend, with a remarkable increase in interest and investment. Searches for gen AI surged by nearly 700% from 2022 to 2023, indicating widespread adoption and exploration of its capabilities. This technology is projected to add up to $4.4 trillion annually to the global economy, emphasizing its vast potential for value creation across industries. Read more??

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Quote of the Week??

“The most exciting trend I see is that everything is moving faster than ever, fueled by generative AI that empowers people to create software at an unprecedented level." — Andrew Ng?

To learn more about how AI is Changing Coding and Education, Click here??

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Prescience Tidbits:

Are you feeling overwhelmed by the choices in large language models (LLMs)? These powerful tools are rapidly reshaping industries, enabling everything from text generation to complex process automation.

With major players like Microsoft, Google, and Meta, along with innovative startups like Mistral, constantly introducing new models, it can be tough for businesses to keep up.?

So, how do you choose the best LLM for your needs? At Prescience Decision Solutions, we simplify this by comparing it to hiring a new team member. Selecting the right model can unlock significant value and drive innovation.?

Read the blog here for more insights.?

We want to hear from you about the AI Connect Newsletter. Please share your thoughts, feedback, and ideas in the comments section.

About Prescience

Prescience is an AI and Data Analytics Company that works with large Fortune 500 companies and midsized businesses globally, helping them unlock the power of enterprise data, thus enabling faster and better business decision-making.

Founded in 2017, the company offers comprehensive data solutions and services that integrate AI and machine learning across analytics, business intelligence, data engineering, and more—driving measurable business value and ROI for its customers.

You can read some of the customer success stories here.